DNBNOR - DNB NOR SELLS AURORA SALMON AS TO LERØY SEAFOOD GROUP

Nordlandsbanken Invest AS, which is owned by Nordlandsbanken, has signed an agreement with the Lerøy Seafood Group (LSG) on the sale of all of the shares in Aurora Salmon AS. Nordlandsbanken is wholly owned by DnB NOR. The agreement is contingent upon approval by the Board of Directors in the Lerøy Seafood Group within 22 June 2005 as well as financial and legal due diligence investigations within 8 July 2005. Nordlandsbanken Invest AS, which is owned by Nordlandsbanken, has signed an agreement with the Lerøy Seafood Group (LSG) on the sale of all of the shares in Aurora Salmon AS. Nordlandsbanken is wholly owned by DnB NOR. The agreement is contingent upon approval by the Board of Directors in the Lerøy Seafood Group within 22 June 2005 as well as financial and legal due diligence investigations within 8 July 2005. Consideration for the shares is NOK 140 million, representing NOK 70 million in cash and 1,432,079 new shares in LSG, based on a volume-weighted share price of NOK 48.88 as at Monday 20 June 2005. The sale is part of the Group`s strategy to reduce its ownership in the Norwegian fish-farming industry. DnB NOR Markets has acted as financial adviser for Nordlandsbanken Invest AS. http://www.newsweb.no/index.asp?melding_ID=109848